Wednesday, October 20, 2010

Boston Globe May Have a Local Suitor

Finally, there seems to be a potential hometown buyer for the Boston Globe.

Aaron Kushner, an entrepreneur who owns Marian Heath Greeting Cards Inc. in Wareham, Mass., told Robert Gavin of the Boston Globe that his group, called 2100 Trust, is planning to make an offer to the New York Times Co.

He would not discuss terms of the projected offer.

"We are putting together the business model of taking what is an important community organization and reverse the cycle and have it growing," Kushner, 37, of Wellesley, said an interview. "If the Globe was achieving even half its potential, it would be of much greater import and impact."

The newly-formed group wants to purchase the New England Media Group unit, which includes the Globe, Boston.com, and the Worcester Telegram & Gazette.

Last year the Times Co. had put the Globe up for sale but pulled it off the market, saying that the paper's financial conditions had improved.